Wednesday, May 25, 2016

Option Open Interest for 25-05-2016

Inference
The index opened strong above 7800 and stayed strong, toppling one resistance after another to close near the highs of the day at 7934.90, huge gain of 186.05 points. The broader market was strong with 1073 advances to 471 declines. Range for expiry comes to 7900-8000.
  • Call option 7950, 8100 added 20.52 lacs OI with short covering at 7900 and below strike prices.
  • Put option 8000-7800 added huge 58.22 lacs OI with profit booking at 7700 and below strike prices.
  • Nifty Open Interest is at 1,15,06,050 down by 21,61,125, whereas June series added 62.31 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • Bank Nifty Open Interest is at 11,19,900 down by 2,84,670, whereas June series added 5.09 lacs with increase in price, probably 100% roll-over with huge long build-up.
  • FII’s bought huge 58209 contracts of Index Futures, which includes net 69968 contracts long build-up and 11759 contracts short build-up, with increase in net OI by 81727 contracts, includes 190077 longs to 131868 shorts for the day.
  • FII’s Index future open contract as on date is 227697 Longs to 157144 Shorts, Net 70553 up by huge 58209 contracts.
  • Initial and best support at 7900, with OI of 58.29 lacs and below that at 7800 with OI of 58.11 lacs.
  • Initial resistance at 7950, with OI of 28.65 lacs and above that at 8000 with highest OI of 78.10 lacs.
  • Day Range as per Option Table is 7833 - 7982 and as per VIX is 7870 - 7999 with 7895 as the Pivot.
India VIX : 15.52 down by 0.70 points
Call OI : 37935375
Put OI : 43304250
PCR OI : 1.145
SMR : 13.60 (Bullish : A great turn-around just a day before expiry, with the OI table turning full green, could see a small range bound day for expiry...)